Strategic value of information systems Essay Example | Topics and Well Written Essays - 2000 words

Strategic value of information systems - Essay ExampleThe ultimate goal of Information Systems Management is to take the utilization of information engineering into business models and business processes to scrutinize its potential to attain business goals. Todays in the scenario of globalize market, which is full of large enterprises the competition is acquire tougher and tougher. As a result, IT departments be ponderous to become more aligned with business. There ar lot of models for calculating the profitability with the incorporation of information technology but they all are trying to explore the conjunction between IT investments and the companys financial result .The process of introducing and use of new information technology in organizations is based on the skills and knowledge of experts who has the ability to master a series of interdisciplinary skills. Other factors like organizing and managing human resources, long term planning, employment, training, motivation, enc ouraging creative work and proper stimulating are also significant. Psycho-sociological and managing processes also depend on the working(a) conditions, type of work and area of work, availability of human resources and skills available, working atmosphere, and other factors. It is imperative that the schooling of information technology department is the responsibility of information technology get laidment and should offer the effective ways and leadership qualities to manage the human resources efficiently. Following are the issues that executives must consider, examine and evaluate while making decisions regarding the strategic value of information systems.Business And Knowledge ManagementOrganizations are facing ever-increasing challenges, brought on by marketplace pressures or the nature of the workplace. Many organizations are now looking to knowledge management to address these challenges. Such initiatives are often started with the development of a knowledge management s trategy. To be successful, a KM strategy must denominate the basic necessities and issues within the organization, and furnish the computer architecture for incorporating all these factors. Every organization has a specific environment and different set of requirements, signified by various factors like size of organization, its aim and activities of the organization, boilers suit strategic direction, accessibility of resources, geographical situations and many others. As a result knowledge management strategies follow either top-down or bottom up approach for the organizations. This main emphasis of these strategies is to provide the architecture for the selection and prioritization of soulfulness projects and activities. Again this strategic focus depend on the number of factors that include organisational strategy documents, much(prenominal) as the corporate plan or annual reportInvolvement of Senior management Results of other strategic research projects, such as staff satisf action surveys.External market research. 2. Psychological FactorsAccording to psychological aspect factors that leveraged factors of IT development are as followsProfessional contributions of each individualLevel of personal professional development and satisfaction at workCommunication whether formal or informal, also plays significant role in the development of